#15 Kuok family

2017 Asia's Richest Families NET WORTH

$16.6B

as of 11/14/17

Robert Kuok founded the Kuok Group as a commodities trader in 1949. Today it owns the luxury Shangri-La hotel chain, whose Asia division is headed by one of his sons. Another son leads Asia's largest operator of offshore oil-and-gas exploration vessels, PACC Offshore Services Holdings, and a third son is director at Kerry Logistics. In December 2015 Robert sold his stake in Hong Kong's South China Morning Post to Alibaba for $265 million. The group also has a stake in palm oil giant Wilmar International, which Robert's nephew Kuok Khoon Hong cofounded. The third generation is active in several of the group's companies.

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